Every time I hear someone say "I gotta see if my state..." or "if RI allows it," or (I think) your misconception about the "not be applied" clause, I cringe.

To suggest that anyone takes a guru course, filled with misconceptions, exagerations, hype, issues that may contradict your local regulation or state laws and then to say they come out making money day one is just not a true representation of any course, even the college route I suggested.Time, dollars invested, you're far ahead in a formal education than anything else.There are enough real estate guru books on ebay and at the library if one really feels they must have the guru strategies.Going the route I suggest enables newbies to identify the BS from the valued information that might be in any guru program.

I think there is a misconception in the industry, that most of the successful investors found a mentor, who showed them the ropes for free, and after that they became successful.

A common misconception is that you need to write language such as “and or assigns†after the purchasers name to make it assignable.

Sorry for any misconception, I assumed there was a paying side of this site as with so many others, please excuse...but maybe a free time and then after 90 days or so, it could go into a monthly fee/annual fee thing.

The EBS (emergency broadcast system) is a government sponsored system to warn of such things as tornadoes and severe weather and other calamites.Plus all these changes were advertised on those "free TV airwaves" for over 2 years now and the government gave away many FREE converter boxes to those who could not afford them so that the new airwaves would be able to be read by those old antennas.No arguments here, but glad to inform you of some of your misconceptions.

It is simply providing the actual data to "ASSIST" the BPO agent.Perhaps we all should change the terminology to avoid the misconception or perhaps all who just do not understand it, should read this thread.:) Happy investing!

There is a misconception by many buyers/Investors that banks want to dump their REO's.

While we are on water heaters....a misconception is that you drain them every 6 months or year.

For every dollar deposited into a savings account, the bank can lend out a whole dollar.I've heard this same misconception (that banks can lend out 7 - 9x their deposits) from others.